Brazil FGTS Board Approves R$5.85B Withdrawal from Infrastructure Fund

Brazil's FGTS board approved withdrawing R$5.85 billion from FI-FGTS, an infrastructure investment fund, returning idle resources to the main guarantee fund. The move follows no new investments since 2016 and reflects a policy shift toward liquidity over infrastructure financing. The withdrawal could impact infrastructure project funding and signal reduced state-directed investment.